Insider Selling: EnerNOC President Unloads 15,000 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster sold 15,000 shares of EnerNOC stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $21.55, for a total transaction of $323,250.00. Following the transaction, the president now directly owns 1,132,368 shares in the company, valued at approximately $24,402,530. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $23.20 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of EnerNOC from a “neutral” rating to an “overweight” rating in a research note on Tuesday. They now have a $24.50 price target on the stock, up previously from $21.00. Finally, analysts at TheStreet downgraded shares of EnerNOC from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. EnerNOC has a consensus rating of “Buy” and a consensus target price of $20.19.
Shares of EnerNOC (NASDAQ:ENOC) traded up 3.06% on Thursday, hitting $22.57. The stock had a trading volume of 259,336 shares. EnerNOC has a 1-year low of $11.58 and a 1-year high of $23.45. The stock has a 50-day moving average of $21.08 and a 200-day moving average of $18.99. The company has a market cap of $621.2 million and a price-to-earnings ratio of 28.82.
EnerNOC (NASDAQ:ENOC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported ($0.51) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.74) by $0.23. The company had revenue of $35.98 million for the quarter, compared to the consensus estimate of $35.89 million. During the same quarter in the prior year, the company posted ($0.76) earnings per share. The company’s quarterly revenue was down 15.1% on a year-over-year basis. Analysts expect that EnerNOC will post $0.48 EPS for the current fiscal year.
EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.
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